Chicago pits going quiet, 165 years after shouting began

[marcoPolo21]

'LIKE A WAX MUSEUM'

AN ACCELERATING DECLINE

WHITHER OPTIONS?

FIGHT TO SURVIVE

http://ca.finance.yahoo.com/news/insight-chicago-pits-going-quiet-165-years-shouting-110626779.html


marc

 

[lwlee]

Got to get with the times. Open outcry is archaic. Suing is just a waste of time from the inevitable.

 

[CET]

"Then they wrote it all down to the progress of man"

Paradise by John Prine

 

[pikachu9]

Creative destruction.

 

[bone]

This says it all in the OP's posted article:

"At R.J. O'Brien, the largest independent U.S. futures brokerage, a handful of customers specifically request open outcry execution in an effort to support the pits, said Jimmy Connor, senior vice president for the firm.

They switch to electronic markets when they feel their orders are not getting efficient execution, he said."

 

[nazzdack]

Quote from bone:
----handful of customers specifically request open outcry....
----support the pits....
----They switch to electronic markets....

Alms for the poor, small change for the hobos, table scraps for the dinosaurs.

 

[bone]